AB CarVal Foundation
AB CarVal Foundation is a corporate foundation based in Minneapolis, Minnesota, established in 2017. The foundation is affiliated with CarVal Investors, a financial services and investment firm headquartered in Minneapolis. The foundation operates as a 501(c)(3) organization classified as a corporate foundation.
Financial Overview
From 2024 IRS Form 990-PF · View filing
Total Assets
$10K
-31.2% YoY
Annual Giving
$144K
-43.0% YoY
Grant Count
35
-44.4% YoY
Avg Grant Size
$4K
+2.6% YoY
Under IRS private-foundation payout rules, AB CarVal Foundation reported a distributable amount of $2K for 2024 — the minimum it must pay out in qualifying distributions.
Mission & Focus Areas
The foundation supports general operating support, COVID relief, community fundraising initiatives, and holiday giving programs. Primary focus areas include:
Education & Student Support: Direct assistance to Minneapolis public schools, particularly Loring School, a community school serving students and families below the poverty line. Support includes school supplies, technology equipment (laptops and iPads), backpacks, and educational materials.
Family Support Services: Holiday gift initiatives providing household essentials (cleaning supplies, bedding, blankets), clothing, and shoes to families in need.
Community Engagement: Volunteer-based initiatives, including creating Valentine's cards for elderly community members through partnerships with organizations like the Red Cross.
Grantmaking
The foundation does not accept unsolicited applications and operates on an invite-only basis.
Grant Range
$3,000
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Geographic Focus
Where this funder awards grants
The foundation primarily funds organizations and initiatives in Minneapolis and the surrounding Minnesota area, with particular emphasis on North Minneapolis communities.
Grant Distribution by State
States
Cities
Financial History
Multi-year comparison from IRS filings
2023 Financial Summary
- Total assets: $14,717
- Total revenues: $264,906
- Total expenses: $278,769
- Total liabilities: $3,010
2022 Financial Summary
- Total assets: $49,000
- Total giving: $338,000
- Number of grants: 59
The foundation's giving rate exceeds 100% of assets, indicating it distributes more annually than its asset base.
| Metric | 2024 | 2023 | 2022 |
|---|---|---|---|
| Total Assets | $10,132 | $14,717 | $48,614 |
| Revenue | $163,222 | $264,906 | $395,156 |
| Expenses | $164,794 | $278,769 | $387,682 |
| Qualifying Distributions | $164,794 | $278,769 | $382,682 |
| Net Investment Income | — | — | $311 |
| Distributable Amount | $1,861 | $1,927 | $2,188 |
Giving Over Time
Total grant dollars and number of grants per year
Grant Insights
How this funder distributes its grants
Top Recipients
Top 10 recipients in 2024
Grant Size Distribution
235 grants across all recorded years
Giving History
Grant recipients and amounts by year
Among its reported 2024 grants, the largest include Jeremiah Program ($7,500), My Breast Cancer Support ($7,500), University of Minnesota Foundation ($7,500).
| Recipient | Purpose | Amount |
|---|---|---|
| JEREMIAH PROGRAM MINNEAPOLIS, MN | General Operating Support | $7,500 |
| MY BREAST CANCER SUPPORT PORTSMOUTH, NH | General Operating Support | $7,500 |
| UNIVERSITY OF MINNESOTA FOUNDATION MINNEAPOLIS, MN | General Operating Support | $7,500 |
| CAMP FIRE MINNESOTA EXCELSIOR, MN | General Operating Support | $7,500 |
| SPECIAL SCHOOL DISTRICT #1MINNEAPOLIS PUBLIC SCHOOLS MINNEAPOLIS, MN | General Operating Support | $7,500 |
| URBAN VENTURES LEADERSHIP FOUNDATION MINNEAPOLIS, MN | General Operating Support | $7,500 |
| ANGEL FOUNDATION MENDOTA HEIGHTS, MN | General Operating Support | $5,000 |
| EPILEPSY FOUNDATION OF MINNESOTA ST PAUL, MN | General Operating Support | $5,000 |
| KOSAIR CHARITIES COMMITTEE INC LOUISVILLE, KY | General Operating Support | $5,000 |
| NATIONAL MULTIPLE SCLEROSIS SOCIETY NEW YORK, NY | General Operating Support | $5,000 |
Leadership & Key People
Officers and directors from IRS filings
Compensation Overview
From 2024 IRS filing
No officer/director data available.
Subject Areas
Focus areas based on grantmaking activity
Frequently Asked Questions
What does AB CarVal Foundation fund?
The foundation supports general operating support, COVID relief, community fundraising initiatives, and holiday giving programs. Primary focus areas include: • **Education & Student Support**: Direct assistance to Minneapolis public schools, particularly Loring School, a community school serving students and families below the poverty line. Support includes school supplies, technology equipment (laptops and iPads), backpacks, and educational materials. • **Family Support Services**: Holiday gif…
How do I apply for a grant from AB CarVal Foundation?
**Grant Activity (2023)** • Number of grants: 55-60 grants annually • Total giving: $249,176 • Median grant size: $3,000 • Grant range: $1,000 - $42,000 **Application Policy** The foundation does not accept unsolicited applications and operates on an invite-only basis. **Recent Grantees** • Best Christmas Ever Inc • Loring School (Minneapolis Public Schools) • Red Cross
Where does AB CarVal Foundation make grants?
The foundation primarily funds organizations and initiatives in Minneapolis and the surrounding Minnesota area, with particular emphasis on North Minneapolis communities.
What size grants does AB CarVal Foundation award?
In 2024, AB CarVal Foundation awarded 35 grants totaling $144K — an average of about $4K per grant, based on its IRS Form 990 filings.
How much is AB CarVal Foundation required to give away each year?
Private foundations must generally distribute about 5% of their assets annually. For 2024, AB CarVal Foundation reported a distributable amount of $2K on its IRS Form 990-PF — the minimum it must pay out in qualifying distributions.
What is AB CarVal Foundation's EIN?
AB CarVal Foundation's EIN (Employer Identification Number) is 82-1364603. IRS Form 990 filing data is available on this page for 2020–2024.
Explore Open Grants
Browse active grant opportunities in AB CarVal Foundation's focus areas in our free grants database
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Data last updated June 2026. Sourced from IRS Form 990-PF filings. Research dossier generated April 2026.
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